First Trust Preferred Securities and Income ETF
FPE
137 hedge funds and large institutions have $1.29B invested in First Trust Preferred Securities and Income ETF in 2017 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 78 increasing their positions, 21 reducing their positions, and 13 closing their positions.
271% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 21
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
14% more capital invested
Capital invested by funds: $1.13B → $1.29B (+$156M)
5% more funds holding
Funds holding: 130 → 137 (+7)
2.91% less ownership
Funds ownership: 49.25% → 46.34% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$57.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$18.8M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.5M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$10.3M |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Price Capital Management
Lafayette,
Louisiana
|
-$14M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.24M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$3.69M |
| 4 |
Bank of New York Mellon
New York
|
-$2.43M |
| 5 |
PCM
Peak Capital Management
Greenwood Village,
Colorado
|
-$2.23M |
FPE Hedge Fund Activity: Q3 2017 in Review
137 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2017, worth a combined $1.29B — up 14% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FPE positions and 13 closed out — a net gain of 8 holders — while 78 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $57.4M. The largest seller was Price Capital Management, cutting an estimated $14M.
- 137 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2017, up from 130 in Q2 2017.
- Funds reported $1.29B of First Trust Preferred Securities and Income ETF stock for Q3 2017, up 14% quarter-over-quarter.
- 21 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2017 and 13 closed out, a net change of +8 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2017 was Morgan Stanley, an estimated $57.4M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2017 was Price Capital Management, an estimated $14M sold.
Based on aggregated 13F filings for Q3 2017.